Personal finance is embedded under economics in some of the K-12 Social Studies standards. Specifically, there are personal finance objectives in grades 1-5, U.S. History I and II, and Economics.

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 In 2007, Idaho House Concurrent Resolution No. 10 urged the State Board of Education “to immediately begin exploring ways to include in the public-school curricula a financial literacy program… and reviewing existing financial literacy programs and materials that are available, with the aim of formalizing personal financial management as a requirement for graduation.” In March 2020, Senate Concurrent Resolution No. 128 states findings of the legislature and encourages “Idaho high schools, colleges, and universities to offer credit-bearing personal finance classes to their students in order to impart financial literacy and promote financial stability among young Idahoans.” In March 2023, House Bill 92 was signed into law: “Each school district, specially chartered district, and public charter school serving students in grades 9 through 12, or any combination thereof, shall provide to all students in grades 9 through 12 one (1) or more courses in personal financial literacy and money management.” A standalone personal finance course is now required to graduate high school: “Completing this course will fulfill the financial literacy component of the high school graduation requirement.” The law took effect on July 1, 2023.  This requirement, however, can be fulfilled by one combined “Economics and Financial Literacy” course which means students may not all receive the same amount of personal finance instruction.    

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Idaho receives a “B” for financial literacy instruction, as it provides instruction through the embedded standards in the required high school personal financial literacy and money management course and some K-8 economics standards. Idaho needs to create Grades 6-8 financial literacy standards and require a course that centers only on personal finance in order to raise its grade to an “A.”